01282020Tue
Last updateTue, 28 Jan 2020 8pm

Gary is a Locke for Commerce Secretary

President Obama has settled on former Gov. Gary Locke of Washington state as his top choice for commerce secretary as he tries for a third time to fill a cabinet position that has bedeviled his administration, a White House official said Monday.

Mr. Locke’s election in 1996 made him the first Chinese American governor in the United States and he served two terms before stepping down after the 2004 election, citing a desire to spend more time with his family.

Source: New York Times

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China's Imports and Exports Drop 29% in January

In January, China's imports and exports totaled $141.8 billion, a drop of 29% compared with the same period last year. Exports totaled $90.45 billion, down 17.5%, and imports totaled $51.34 billion, down 43.1%. A trade surplus of $39.1 billion was registered, a jump of 102% year over year, the General Customs Administration of China announced on February 11.

Source: Industrial Info Resources

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Manufacturing Holds Key for Poorest Nations - UN

The world's poorest nations need help from richer countries to exploit manufacturing rather than natural resources or agriculture if they are to escape from poverty, a United Nations agency said on Monday.

Struggling countries must manufacture more and be given better access to global markets to expand their economies, the U.N. Industrial Development Organization said in a report.

Source: Reuters

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Industrial Production Down in January

U.S. industrial production was down sharply in January, according to figures from the U.S. Federal Reserve. Manufacturing fell 1.8 percent, more than the average industry prediction of 1.5 percent.

Source: Area Development Online

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Blue Dogs to House Dem Leaders: Hold Off On Employee Free Choice

Blue Dog Democrats in the House have asked House Dem leaders to postpone a vote on the Employee Free Choice Act until after the Senate votes on it, and the Democratic leadership has agreed, a senior House Dem aide tells me.

The discussions are likely to disappoint some in the labor movement, who see Employee Free Choice as their top priority and had hoped the House would act quickly and pass a strong bill before the Senate passes a weaker version.

Source: Greg Sargent

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